National Vision (NASDAQ:EYE – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.500-0.650 for the period, compared to the consensus EPS estimate of 0.570. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. National Vision also updated its FY24 guidance to $0.50-0.65 EPS.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on EYE. The Goldman Sachs Group boosted their target price on National Vision from $18.00 to $20.00 and gave the company a neutral rating in a research report on Wednesday, February 28th. Barclays reduced their target price on National Vision from $19.00 to $16.00 and set an equal weight rating on the stock in a research note on Friday. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $21.00.
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National Vision Trading Down 2.6 %
National Vision (NASDAQ:EYE – Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.07. The company had revenue of $506.40 million during the quarter, compared to analyst estimates of $499.49 million. National Vision had a positive return on equity of 3.47% and a negative net margin of 3.44%. National Vision’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Research analysts anticipate that National Vision will post 0.31 EPS for the current fiscal year.
National Vision Company Profile
National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America's Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.
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